Market is breaking out....

[Clubber Lang]

I just don’t know how he keeps holding and adding to his positions.

He’s not holding anything except his pecker. Guy doesn’t even trade.

 

[jem]

exactly right

letter from non qm lender said the market is frozen.
an agent who works at my brokerage lost 2 deals last week... no funding for non qm.

he also had to back out of 4 of is own flips... no hard money.
one cost him his deposit.

None if you are unemployed, under employed or took a hit to salary bringing ur DTI out. Non-QM froze up about a week ago and private money does not want to come back out just yet. Fannie and Freddie only option and most wouldn’t qualify.

 

[FriskyCat]

I just don’t know how he keeps holding and adding to his positions.

Doing that sort of thing with deep OTM options, especially when IV's start dropping is financial suicide.

 

[murray t turtle]

I am waiting for negative interest mortgage like what they offered in Denmark last year.

%%
That's the direction; but not likely to happen in US.
Way too many ETFs bonds + stocks paying interest/dividends...……………………………………………...

 

[ironchef]

%%
That's the direction; but not likely to happen in US.
Way too many ETFs bonds + stocks paying interest/dividends...……………………………………………...

Why not? It is a win-win for everyone.

I borrow $100 from USG, they pay me $105, I spend the $100, pocket the $5, so the $100 becomes someone's income, they pay 20% tax, USG gets back my $100 + $15 (20-5). Everyone wins, otherwise, I have no $ to spend, someone else don't have a job, the economy tanks and USG gets nothing? %%% Not a prediction.

 

[murray t turtle]

Why not? It is a win-win for everyone.

I borrow $100 from USG, they pay me $105, I spend the $100, pocket the $5, so the $100 becomes someone's income, they pay 20% tax, USG gets back my $100 + $15 (20-5). Everyone wins, otherwise, I have no $ to spend, someone else don't have a job, the economy tanks and USG gets nothing? %%% Not a prediction.

%%
OK, makes sense.
Me, I would rather collect dividends/trade invest ETFs/2 or 3X ETfs+ loan the banks/brokerage money. And occasionaly buy TMF-- not that I want to loan to US gov for 20 years LOL

 

[ironchef]

%%
OK, makes sense.
Me, I would rather collect dividends/trade invest ETFs/2 or 3X ETfs+ loan the banks/brokerage money. And occasionaly buy TMF-- not that I want to loan to US gov for 20 years LOL

You don't loan to USG, you borrow from USG and it is negative interest => they loan me $ and pay me interest.

If I borrow enough, I don't ever have to work again and the income is risk free.

 

[murray t turtle]

You don't loan to USG, you borrow from USG and it is negative interest => they loan me $ and pay me interest.

If I borrow enough, I don't ever have to work again and the income is risk free.

OK
I still like collecting interest/dividends from banks+ ETFs......................................I enjoy that work/charts. IS s USG a bank, ironchief?? I tried to look it up as a stock, cant find it??

 

[ironchef]

OK
I still like collecting interest/dividends from banks+ ETFs......................................I enjoy that work/charts. IS s USG a bank, ironchief?? I tried to look it up as a stock, cant find it??

USG = US Government.

 

[murray t turtle]

USG = US Government.

%%
OK.
I sold my longs TMF/profit,;
+ have some new buy orders in..........................................................